DragonI

• One problem for Christians is the address. 666 Fifth Avenue is the "Number of the Beast" SATAN.
• Chinese and Israeli investors don’t want anything to do with 666 Fifth Avenue. Jared and Trump have lost their sway.
• The $1.2 BILLION mortgage is due in 18 months. Kushner owes 50% and Steve Roth’s, Vornado Realty Trust owes the other 50%
• “Debt payments have almost always eclipsed net income at 666 Fifth Avenue“
• Trump may have to shoot someone on Fifth Ave. to save his son-in-law

It was 2006—the height of the real-estate market boom—when Kushner Cos. agreed to buy 666 Fifth Avenue for $1.8 billion, then a record for a Manhattan building. All of it was borrowed except for $50 million. The company still holds half of a $1.2 billion mortgage, on which it hasn’t paid a cent. The full amount is due in February 2019.

Kushners and their partners worked out a deal in which they would put down $50 million—a pittance. Barclays Bank Plc and UBS Group AG funded $1.75 billion of the purchase, $535 million of it in short-term, high-interest loans. The terms were demanding, bordering on untenable. Nevertheless, after the deal closed in January 2007, the group celebrated with a party at one of the most expensive restaurants in New York, Per Se.

[Steve] Roth saw when his firm came to Kushner’s rescue in 2011, according to three people familiar with his thinking at the time. For $80 million and the assumption of half the debt, Vornado put itself in the best position to become 666 Fifth’s sole owner in the event of a restructuring or worse.

One early stop on the Kushners’ tour: Israel. Familiar with the country from their involvement in Jewish business ventures and philanthropy, they were able to partner with companies including Harel Insurance, Bank Leumi and Bank Hapoalim BM on various New York properties. But none invested in 666 Fifth.

Richard Goettlich, whom Charlie Kushner met in prison and hired, used his contacts to find others, former company employees say. In 2012, he approached Gaia, a firm connected to one of Israel’s wealthiest families, the Steinmetzes, whose fortune is derived from African diamonds. Gaia partnered with Kushner on a number of New York City buildings but not 666 Fifth. Goettlich didn’t respond to several requests for comment.